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$1,040,000

  • Sold
  • Closed
  • Commercial
  • 8,960 Sq. Ft.
  • 0.44 Acres
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Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment. Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings ** See videos for additional tours and walk throughs of the building

Full Property Details for 8963 Syndicate Ave

General

  • Sold For: $1,040,000
  • Taxes: $15,738 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6817333
  • Added to Site: 47 day(s) ago

Parking

  • Parking Features: Parking Lot

School Information

  • School District: 740 - Centennial
  • High School District: Centennial

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Financial Considerations

  • Tax Amount: $15,738.82
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: W 103 FT EX N 97.71 FT THEREOF, LOT 21 LEXINGTON PARK 2ND ADDITION TOG/W W 131 FT, LOT 22 SD ADDITION, EX RD SUBJ TO EASE OF REC
  • Inclusions: Building
  • Property ID: 353123130029

Listed by Keller Williams Integrity Realty
Sold by RE/MAX Results

Listing agent

— 8963 Syndicate Ave —

  • Keller Williams Integrity Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8963 Syndicate Ave

School District:Centennial Public School District
NameGradesDistance
Golden Lake Elementary School
1 School Road, Circle Pines, MN 55014
K-51.1 mi
Centennial Middle School
399 Elm Street, Lino Lakes, MN 55014
6-83.3 mi
Centennial High School
4757 North Road, Circle Pines, MN 55014
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8963 Syndicate Ave

Date
Details
Price
Change
Source
12/22/2025
Sold
$1,040,000
6.67%
MLS
12/02/2025
Listed
$975,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Keller Williams Integrity Realty
Sold by RE/MAX Results

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Price Reduced near 8963 Syndicate Ave

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8963 Syndicate Avenue, Lexington, MN 55014 (MLS# 6817333) is a Commercial property that was sold at $1,040,000 on December 22, 2025. Want to learn more about 8963 Syndicate Avenue? Do you have questions about finding other Commercial real estate for sale in Lexington? You can browse all Lexington real estate or contact a Coldwell Banker agent to request more information.